Polymetals Resources (ASX:POL) EBIT : A$-8.87 Mil (TTM As of Dec. 2023)

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What is Polymetals Resources EBIT?

Polymetals Resources's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was A$-1.57 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-8.87 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Polymetals Resources's annualized ROC % for the quarter that ended in Dec. 2023 was -16.41%. Polymetals Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -29.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Polymetals Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -15.85%.

Polymetals Resources EBIT Historical Data

The historical data trend for Polymetals Resources's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Polymetals Resources EBIT Chart

Polymetals Resources Annual Data

Trend

Jun21

Jun22

Jun23

EBIT

-0.43

-1.14

-7.68

Polymetals Resources Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial			-0.56	-0.58	-0.39	-7.30	-1.57

Competitive Comparison of Polymetals Resources's EBIT

For the Gold subindustry, Polymetals Resources's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Polymetals Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Polymetals Resources's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Polymetals Resources's EV-to-EBIT falls into.

Polymetals Resources EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-8.87 Mil.

Polymetals Resources (ASX:POL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Polymetals Resources's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-3.47 * ( 1 - 0% )	/	( (20.009	+	22.276)	/ 2 )
=	-3.47	/	21.1425
=	-16.41 %

where

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	21.541	-	1.77	-	( 2.624	-	max(0, 3.12	-	2.882	+	2.624	))
=	20.009

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	22.453	-	1.507	-	( 1.215	-	max(0, 2.657	-	1.327	+	1.215	))
=	22.276

Note: The Operating Income data used here is two times the semi-annual (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Polymetals Resources's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-3.144	/	( ( (0.021 + max(-1.769, 0))	+	(21.124 + max(-1.395, 0)) )	/	2 )
=	-3.144	/	( ( 0.021	+	21.124 )	/	2 )
=	-3.144	/	10.5725
=	-29.74 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.00099999999999989)	-	(1.77	+	0	+	0)
=	-1.769

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0.112	+	0	+	-2.2204460492503E-16)	-	(1.507	+	0	+	0)
=	-1.395

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Polymetals Resources's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-8.868	/	55.953
	=	-15.85 %

Polymetals Resources EBIT Related Terms

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Polymetals Resources (ASX:POL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Polymetals Resources Ltd (ASX:POL) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Main Street, Unit 1, Alstonville, NSW, AUS, 2477

Website

https://www.polymetals.com

Polymetals Resources Ltd is an Australian mining and exploration company focused on gold exploration within Guinea. The key projects within the portfolio are known as Alahine and Mansala with both licenses hosting prolific historic and current artisanal gold mining and production.

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